Vodafone Group (VOD) Stock Rating Upgraded by Numis Securities
Numis Securities upgraded shares of Vodafone Group (NASDAQ:VOD) from an add rating to a buy rating in a report issued on Monday morning, Marketbeat.com reports.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group reissued a buy rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Zacks Investment Research raised shares of Vodafone Group from a sell rating to a buy rating and set a $34.00 target price on the stock in a research report on Friday, November 17th. BidaskClub raised shares of Vodafone Group from a hold rating to a buy rating in a research report on Tuesday, January 9th. UBS Group reaffirmed a buy rating on shares of Vodafone Group in a research report on Friday, October 27th. Finally, Barclays raised shares of Vodafone Group from an equal weight rating to an overweight rating in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $33.32.
Vodafone Group (NASDAQ VOD) opened at $29.39 on Monday. Vodafone Group has a 52-week low of $24.68 and a 52-week high of $32.75. The company has a market cap of $75,840.00, a P/E ratio of -77.34, a PEG ratio of 2.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.95.
Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC increased its position in Vodafone Group by 21.0% during the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after acquiring an additional 768 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Vodafone Group during the third quarter worth $151,000. Global Trust Asset Management LLC acquired a new stake in Vodafone Group during the fourth quarter worth $171,000. Bank of Nova Scotia Trust Co. acquired a new stake in Vodafone Group during the third quarter worth $172,000. Finally, KCS Wealth Advisory acquired a new stake in Vodafone Group during the fourth quarter worth $213,000. 10.35% of the stock is currently owned by institutional investors and hedge funds.
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Vodafone Group Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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